Two Sigma Advisers LP Buys 4,900 Shares of EMCOR Group, Inc. (NYSE:EME)

Two Sigma Advisers LP lifted its stake in EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,200 shares of the construction company's stock after purchasing an additional 4,900 shares during the period. Two Sigma Advisers LP's holdings in EMCOR Group were worth $8,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Koshinski Asset Management Inc. boosted its position in shares of EMCOR Group by 4.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after purchasing an additional 26 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of EMCOR Group in the 4th quarter worth $1,417,000. Janney Montgomery Scott LLC boosted its position in shares of EMCOR Group by 108.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock worth $7,439,000 after purchasing an additional 8,545 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of EMCOR Group by 5.3% in the 4th quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company's stock worth $4,495,000 after purchasing an additional 502 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of EMCOR Group in the 4th quarter worth $1,192,000. 92.59% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EMCOR Group

In other EMCOR Group news, CAO Maxine Lum Mauricio sold 1,250 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now owns 27,642 shares in the company, valued at approximately $10,229,474.94. The trade was a 4.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony Guzzi sold 7,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.03, for a total value of $3,052,210.00. Following the completion of the sale, the chief executive officer now owns 208,989 shares in the company, valued at $91,125,473.67. The trade was a 3.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,197 shares of company stock worth $3,905,748. Corporate insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

EME has been the topic of several recent research reports. Wall Street Zen lowered EMCOR Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $494.50.

EMCOR Group Trading Down 0.1%

Shares of NYSE:EME traded down $0.41 during trading on Thursday, hitting $468.74. 81,603 shares of the company's stock traded hands, compared to its average volume of 468,735. EMCOR Group, Inc. has a 52 week low of $319.49 and a 52 week high of $545.30. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 23.78 and a beta of 1.18. The company has a 50-day moving average price of $411.19 and a 200-day moving average price of $442.82.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $5.41 earnings per share for the quarter, beating the consensus estimate of $4.57 by $0.84. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The business had revenue of $3.87 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the business posted $4.17 EPS. EMCOR Group's revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group announced that its board has approved a stock buyback plan on Wednesday, February 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

EMCOR Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, April 17th. EMCOR Group's payout ratio is 4.42%.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.